Alert text goes here

2024 Retirement Contribution Limits

 

 

 

This month, my newsletter explores the following topics:

 

The end of the year is upon us. While there are only a few more adjustments that might improve yearend results, it’s the perfect time to review your starting position for 2024. Please don’t hesitate to get in touch if I can help.

 

Secure 2.0 Retirement Savings Changes For 2024

Some of the SECURE 2.0 retirement savings provisions kicked in this year. Others come in subsequent years. Here’s what you should know.

Read More


 

A ‘Sea Change’ May Be Coming For Investment Advice About 401(K)-To-IRA Rollovers, One Expert Says

A new U.S. Department of Labor proposal set to impact 2024 potentially could revolutionize how financial advice is given for 401(k)-to-IRA rollovers. This initiative aims to extend fiduciary duties to these rollovers, ensuring that financial advice aligns more closely with the investor’s best interests, a significant shift from current practices.

Read More


 

Here’s How Much You Need To Earn To Afford A Home In 97 U.S. Cities

Navigating the current real estate market requires more than just a dream, as data reveals the need for six-figure incomes to afford a median-priced home in many of these 97 major U.S. cities.

Read More


 

IRS Announces 2024 Retirement Account Contribution Limits: $23,000 For 401(k) Plans, $7,000 For IRAs

In 2024, retirement savings get a boost as the IRS raises contribution limits for 401(k) plans to $23,000 and IRAs to $7,000. This update, which includes steady catch-up contributions and expanded income ranges for Roth IRA eligibility, offers investors new opportunities to enhance their retirement savings and optimize tax benefits.

Read More

 

 

Michael M. Silverman is a Financial Representative of The Guardian Life Insurance Company of America, New York, NY.  Silver Lining Insurance Agency, Inc. is not an affiliate or subsidiary of Guardian.

 

Links to external sites are provided for your convenience in locating related information and services. Guardian, its subsidiaries, agents, and employees expressly disclaim any responsibility for and do not maintain, control, recommend, or endorse third-party sites, organizations, products, or services, and make no representation as to the completeness, suitability, or quality thereof.

 

2023-165592 Exp. 12/25

Thank You

We have received your request and will be in touch with you shortly!